All Type 1 Diabetics – You are now Eligible for the Disability Tax Credit! When Bill C-19 received Royal Assent on June 23, 2022 – this opened the door to over 300,000 type 1 Diabetics and gaining access to the Disability Tax Credit and the Registered Disability Savings Plan (RDSP). All Type 1 Diabetics now […]
August 08, 2022 • Reading Time: 3 minutes read
Weathera Inc. resource centre offers information ranging from the Registered Disability Savings Plan, to the Disability Tax Credit, to recommendations on managing your finances. Search for articles within our resource centre or use filters to look for specific information!
The Registered Disability Savings Plan (RDSP) is one of the most powerful investment tools available. For individuals with a family net income that fits within the criteria, you can receive up to $1,000 per year in the Canadian Disability Savings Bond (CDSB). How are bonds calculated? Bonds are calculated based off of your net income, […]
The Registered Disability Savings Plan (RDSP) is one of the most powerful investment tools available. What makes it so unique is the fact that the Canadian Government will issue Canadian Disability Savings Grants (CDSG)’s based on contributions into an RDSP. How are grants calculated? Grants are calculated based off of 2 factors: 1) Your net […]
All Type 1 Diabetics – You are now Eligible for the Disability Tax Credit! When Bill C-19 received Royal Assent on June 23, 2022 – this opened the door to over 300,000 type 1 Diabetics and gaining access to the Disability Tax Credit and the Registered Disability Savings Plan (RDSP). All Type 1 Diabetics now […]
A Registered Disability Savings Plan (RDSP) is a long–term savings plan for Canadian’s living with disabilities. The RDSP is a tax–deferred savings plan, which means that the money you contribute to the RDSP grows tax–free. It is an incredibly secure way to save for the future and provide financial security for people with disabilities. The RDSP […]
Suffering from an impairment that affects your ability to Dress may qualify for the Disability Tax Credit. How? Under the basic activity of daily living (BADL), Dressing. The Disability Tax Credit is a non-refundable tax credit (meaning your refund is based on your taxable income). It is unique in the sense that it is also […]
Update: On June 23 2022, new legislation was introduced changing the requirements to Life Sustaining Therapy, and automatically qualifying all type 1 diabetics (from 2021 forward). For more information on the legislative changes and how it affects Type 1 Diabetics, click here. If you are an insulin dependent diabetic or require dialysis, you may qualify […]
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